BRAZILIAN COURT FREEZES $50 MILLION OF SOCCER STAR NEYMAR?S ASSETS
By Ronnie Nathanielsz
PhilBoxing.com
Wed, 17 Feb 2016
Neymar.
A federal court in Sao Paulo, Brazil has frozen some $50 million worth of assets of soccer star Neymar who plays for the national team and Spanish giants, Barcelona.
The assets include a yacht, a jet and several properties.
BBC Sport reported that the 23 year old Neymar is accused of tax evasion between 2011 and 2013 and faces legal proceedings. He has denied any wrongdoing.
Among the assets frozen are also three companies belonging to his family.
Prosecutors accused Neymar of setting up companies as fronts in order to pay a lower rate of tax.
They demand he pay $16 milliion in allegedly undeclared taxes.
The report said the court ordered his assets to be frozen to ensure the payment plus any possible fines.
An auditor with the federal tax agency told the Associated Press news agency that Neymar could still appeal the decision and that he was unlikely to face jail.
"If he pays what he owes, the case is closed," the auditor added. "Our legislation isn't too harsh."
Neymar and his father were questioned this month in a court in the Spanish capital, Madrid, over separate allegations of corruption and fraud surrounding his transfer to FC Barcelona.
Neymar also denied any wrongdoing in that case.
Click here to view a list of other articles written by Ronnie Nathanielsz.
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